The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Seagate to cut 3,000 jobs, denies it violated export sanctions

Source: upi.com upi.com
News Snapshot:

Hard drive maker Seagate says the company will cut 3,000 jobs in a restructuring as the U.S. Commerce Department alleged Seagate has violated export sanctions. Seagate denies it violated the sanctions. Photo by Tony Webster/ Wikimedia Creative Commons Oct. 27 (UPI) — Seagate Technology will cut 3,000 jobs as it faces a charge from the U.S. Commerce Department that the hard-drive maker has violated sanctions export rules. Seagate denies it violated the restrictions. Seagate said in a statement it will cut 8% of its global workforce, cutting approximately 3,000 jobs "to reduce its cost structure to better align the vompany's…

Other China Tech Buzz: